 In order to lock market entry for textile goods in foreign countries, negotiations for bilateral agreements with EU and US are being speedily considered by the Pakistani Ministry of Commerce, as there is a ready market of their goods in these regions.
The aforesaid statement was made last week by Zafar Mahmood, Secretary, Ministry of Commerce, during his visit to the All Pakistan Textile Mills Association (APTMA), Karachi.
Mahmood informed the Commerce meeting that, representative of Buyers of Textile Products of United States was likely to visit Pakistan during September or October 2010. More so, Mahmood also said that, China was pondering over providing Pakexports and also give away concessionary arrangements to Pakistan if they partake in various expos that will take place in China.
Mahmood further added that, he firmly supported the Free Market Mechanism and advised not to levy any ban or restriction on a sub-sector of a value-existing across the globe.
Currently, there exists adverse tariff differences, wherein PSF blended yarn has zero percent import duty but the imports of PSA raw materials are subjected to a punitive regime of 6 percent import duty. Owing to shutting down of Dewan Salman Fibre, the disparity between Pakistani PSF and global PSF prices have blown up to a surprising figure of around 30 percent, further rendering exports uncompetitive.
An appeal was made to the government that is Pakistan was to attain an export target of $25 billion by 2014, all bans and tariffs on import of raw materials, which are available in limited quantities in Pakistan, should be removed. More so, PSF imports from India should also be allowed via entry points including Wahga and Khokhrapar.
|
|
|
|
